Day: July 8, 2024

US Dollar Under Pressure Amidst Rate Cut Expectations, Powell’s Testimony in Focus

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The US Dollar (USD) continued its downward trend this week, struggling to regain momentum as mounting evidence of disinflation in the US economy strengthens market expectations for a September rate cut by the Federal Reserve (Fed). While Fed officials remain cautious and data-dependent, their upcoming comments and crucial inflation data releases could provide further clarity […]

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